Oregon Public Employees Retirement Fund lowered its position in S&P Global Inc. (NYSE:SPGI) by 31.0% during the third quarter, Holdings Channel reports. The fund owned 27,319 shares of the company’s stock after selling 12,276 shares during the period. Oregon Public Employees Retirement Fund’s holdings in S&P Global were worth $3,457,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Jacobus Wealth Management Inc. purchased a new position in S&P Global during the second quarter valued at $107,000. Fuller & Thaler Asset Management Inc. purchased a new position in S&P Global during the second quarter valued at $113,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in S&P Global during the second quarter valued at $129,000. West Oak Capital LLC purchased a new position in S&P Global during the second quarter valued at $139,000. Finally, Quadrant Capital Group LLC purchased a new position in S&P Global during the second quarter valued at $146,000. 86.21% of the stock is owned by hedge funds and other institutional investors.
S&P Global Inc. (NYSE:SPGI) traded down 1.27% during midday trading on Monday, reaching $118.40. The company had a trading volume of 2,331,682 shares. The firm’s 50-day moving average price is $122.85 and its 200 day moving average price is $117.96. The firm has a market capitalization of $30.68 billion, a PE ratio of 17.46 and a beta of 1.50. S&P Global Inc. has a 12 month low of $78.55 and a 12 month high of $128.40.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, November 3rd. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.09. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc. will post $5.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.44 annualized dividend and a yield of 1.20%. S&P Global’s dividend payout ratio (DPR) is presently 21.15%.
Several equities analysts have weighed in on SPGI shares. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Cantor Fitzgerald reiterated a “buy” rating on shares of S&P Global in a research note on Friday, August 19th. Barclays PLC lifted their price objective on S&P Global from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $131.00 price objective on shares of S&P Global in a research note on Sunday, November 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $131.86.
In related news, SVP Nancy Luquette sold 500 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the transaction, the senior vice president now directly owns 133 shares in the company, valued at $16,369.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.